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How EPR Registration Can Boost Your Brand’s Reputation for Sustainability

What is EPR Registration?

Extended Producer Responsibility (EPR) is an environmental strategy approach that holds producers accountable for the entire lifecycle of their products, including the post-consumer phase. Basically, EPR requires businesses to take responsibility for the recycling, disposal, and reduction of waste generated by their products after consumers are done using them.

EPR Registration includes registering your brand with the applicable authorities to ensure that you are compliant with these regulations. The specifics of the EPR process vary depending on your country, region, or industry, but the central knowledge remains consistent producers are expected to manage the end-of-life stage of their products.

The Role of EPR in Sustainability

The impact of EPR on sustainability is undeniable. By mandating that companies play an active role in the management of post-consumer waste, EPR policies encourage responsible manufacturing and product design. This could involve using recyclable materials, reducing the bulk of packaging, or applying circular economy practices.

EPR also helps divert waste from landfills and ensures that materials are reused or recycled, reducing environmental pollution. This leads to reduced resource consumption and a smaller carbon footprint key tenets of a sustainable business model.

Read Our Blog: What is an EPR Certificate?

How EPR Registration Can Boost Your Brand’s Reputation

1. Demonstrates Corporate Responsibility

Consumers are becoming increasingly aware of the environmental impact of the products they buy. By registering for EPR, your brand takes a step beyond merely offering sustainable products and actively participates in closing the loop on waste. This not only positions your company as a leader in corporate responsibility but also communicates a clear message: you care about the environment.

EPR registration demonstrates that your company is willing to comply with and often exceed legal requirements for waste management, sending a strong signal that you are dedicated to creating positive change.

2. Strengthens Customer Trust and Loyalty

In a world where consumers have more options than ever before, trust is a powerful differentiator. Sustainability has become a key value for many consumers, and brands that fail to prioritize it risk losing out to competitors who do. EPR registration is a concrete, verifiable way to show your commitment to sustainable practices.

Brands that adopt EPR practices signal transparency and a long-term vision for environmental stewardship, which in turn fosters customer loyalty. A consumer who sees that your brand is actively working to manage its waste and reduce its environmental impact is more likely to trust and return to your brand, especially when they know their purchase is part of a more sustainable future.

3. Enhances Your Brand Image

Incorporating EPR into your business strategy aligns your brand with forward-thinking, environmentally-conscious practices. This positions your company as a progressive and responsible corporate entity, which enhances your overall image in the eyes of consumers, investors, and the general public.

Furthermore, many brands now use sustainability as a marketing tool, and EPR registration allows for genuine, meaningful claims that set your company apart from the “greenwashing” efforts of others. Rather than relying on vague or superficial claims, your brand can confidently say that it is legally obligated and actively working towards reducing its environmental impact through EPR measures.

4. Meets Consumer Demand for Sustainability

Sustainability is no longer just a nice-to-have; it’s a must-have for many consumers, especially younger generations like Millennials and Gen Z, who actively seek out eco-friendly brands. In fact, studies have shown that a large percentage of consumers are willing to pay a premium for products from brands that align with their sustainability values.

By registering for EPR and implementing robust waste management systems, you are better equipped to meet the growing demand for sustainable products and practices. This can significantly broaden your customer base and improve your competitive position in the market.

5. Supports Regulatory Compliance and Prepares for the Future

Many countries and regions are enacting stricter regulations surrounding waste management and sustainability. EPR is increasingly being enforced worldwide, with governments offering incentives or imposing penalties based on compliance. By registering for EPR early, your brand stays ahead of regulatory changes and avoids the risk of fines or restrictions that could damage your reputation.

Additionally, your commitment to EPR can help future-proof your business against upcoming environmental legislation, ensuring that your brand remains compliant and competitive in an evolving regulatory environment.

6. Provides Opportunities for Collaboration and Innovation

As EPR encourages collaboration between producers, recyclers, and consumers, your brand might find opportunities to partner with other organizations, NGOs, or government bodies. These collaborations can lead to innovative solutions for waste reduction, recycling technologies, or even the development of new, more sustainable products.

Moreover, brands with EPR registration might be more likely to be included in industry partnerships or eco-certifications, further enhancing credibility in the sustainability space.

Read Our Blog: How to Apply Online For Extended Producer Responsibility EPR India Authorization

How to Get Started with EPR Registration

Getting started with EPR registration requires some planning and research. First, identify the EPR regulations that apply to your business based on the products you manufacture and the markets you serve. You’ll need to find the appropriate regulatory bodies and understand the requirements for registration, reporting, and compliance.

Typically, this involves:

Assessing your product’s lifecycle – Determine how your products and packaging are disposed of and recycled.

Registering with the appropriate authorities – Complete necessary paperwork and pay any required fees.

Reporting and ensuring compliance – Regularly report on your waste management efforts and maintain compliance with EPR rules.

Investing in waste management systems – Implement systems to ensure proper disposal, recycling, or reuse of products.

Read Our Blog: How to Obtain an EPR Certificate for Import in India?

Conclusion

Incorporating EPR registration into your brand’s sustainability strategy is more than just about complying with regulations it's a powerful way to build trust, enhance your reputation, and ensure your business stays relevant in an environmentally-conscious market. By demonstrating your commitment to sustainability through EPR, you not only protect the planet but also bolster your brand’s reputation as a forward-thinking, responsible company.

As consumers become more discerning and governments continue to tighten regulations, embracing EPR could be a key factor in ensuring your brand remains competitive and respected for years to come.

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What can we do with recycled plastic?

In India, a total of 571,900 tons of household plastic packaging were recycled in 2018, which is 9.6% more than in the previous year, an organization of the plastic sector to promote the recycling of this material. What is recycled plastic used for? ¿Why is it so important?

Main applications of recycled plastic

Recycled plastic is used in many industries to make new products. One of the main applications is plastic wood. Its main use is the creation of urban furniture (benches, elements for playgrounds, traffic signs, bollards, fences,), due to the advantages it presents over other materials. For example, it is much more resistant to the action of external agents (water, solar radiation, temperature,), than normal wood.

Another material made from recycled plastics is textile fiber. PET (the most used plastic in the world) is one of the materials that are most recycled to obtain these fibers, which are then transformed into clothing, bags and accessories, rugs, ropes, etc.

Agriculture, civil engineering and the automotive sector are also large consumers of recycled plastic. In the case of agriculture, different 'films' are obtained for crops, nets to provide shade in greenhouses, twine, flowerpots or seedbeds, among other products. In the civil engineering sector, recycled plastic is used mainly in insulation and waterproofing products, such as thermal and acoustic insulation sheets and panels, waterproofing sheets for roofs, roofs, floors, foundations or profiles for windows and enclosures. It is also very frequently used in sewage pipes and cable conduits.

For its part, the automotive industry has found many virtues in recycled plastic. Mainly its lightness and durability, in addition to improving the aerodynamics, efficiency and sound insulation of the car. Therefore, it is not surprising that it is increasingly present in these products. For example, Ford claims that each of its cars incorporates an average of 250 recycled bottles. Where? Recycled plastic is often used in bumpers, under-hood sound insulation sheets, interior door panels, and floor and trunk liners.

Recycled plastic, health benefits

Are there more things we can do with recycled plastic? Yes, we have already said that it has multiple applications. For example, bottles of water. They can be recycled to obtain more bottles, although this time they are no longer used to house products for human consumption. But yes as a container for cleaning products for example. And speaking of packaging, CD / DVD cases (the back which is usually dark in color), grocery and garbage bags, bottles, cans and street containers are increasingly being made with recycled plastic.

Therefore it is important to separate well. Recycling Plastic Waste carries a number of very significant environmental, health and economic benefits. Plastic is a material that takes a long time to degrade. That, together with an exponential increase in its use and consumption, has made it a serious problem for the environment. And it is a waste with great value. The possibilities offered by recycling plastic to convert it into new products means saving natural resources and also energy costs in the production of products.

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How to Online Apply For CPCB Certificate

The CPCB Certificate refers to a certification issued by the Central Pollution Control Board (CPCB) in India. The CPCB is a statutory organization under the Ministry of Environment, Forest, and Climate Change of the Government of India, which is responsible for controlling and preventing pollution in the country.

The CPCB issues certificates to industries and businesses that comply with the environmental regulations and standards set by the board. The certification is granted after conducting a detailed inspection and audit of the industrial premises, which includes assessing the effluent treatment facilities, waste management practices, air quality, and other environmental parameters.

The CPCB certificate is a testament to the fact that the business or industry operates in an environmentally sustainable manner, and its processes and activities are aligned with the prescribed standards and regulations. It is often a requirement for obtaining environmental clearances and permits for businesses in India.

Process Of CPCB EPR Registration.

The Central Pollution Control Board (CPCB) has introduced the Extended Producer Responsibility (EPR) Authorization process for managing the proper disposal of electronic waste in India. Here are the steps to follow for CPCB EPR Registration:

Check eligibility: The applicant should be a registered company or a legal entity under Indian law and should be involved in the manufacture, import, or sale of electrical and electronic equipment.

Gather required documents: The following documents are required for registration:

Company incorporation certificate

GST registration certificate

PAN card

Bank account details

Authorization letter for the authorized representative

Undertaking for implementation of EPR plan

Prepare an EPR plan: The EPR plan should include the following:

Collection and channelization of e-waste

Disposal mechanism

End-of-life management of e-waste

Financial plan

Submit the application: The application form can be obtained from the CPCB website. After filling in the required details, attach the necessary documents and submit the application.

Pay the fees: The CPCB EPR registration fee is INR 1 lakh. The fee can be paid online through the CPCB portal.

Verification: The CPCB will verify the documents and the EPR plan submitted by the applicant.

Grant of EPR authorization: If the CPCB is satisfied with the EPR plan, it will grant the authorization for a period of five years.

Compliance and reporting: The authorized entity is required to comply with the provisions of the EPR Authorization and submit a half-yearly progress report to the CPCB.

It is important to note that failure to comply with the EPR Authorization may result in the cancellation of the authorization and the imposition of penalties.

Benefits Of CPCB EPR Registration.

The CPCB EPR (Extended Producer Responsibility) Registration has several benefits, some of which are:

Compliance with legal requirements: The EPR registration is a legal requirement under the E-Waste (Management) Rules, 2016. Therefore, compliance with the registration helps businesses to avoid penalties and legal consequences.

Environment-friendly: The registration promotes responsible disposal of electronic waste, which is critical to protecting the environment. The EPR plan encourages the collection, channelization, and end-of-life management of e-waste.

Improved corporate image: By complying with the EPR Authorization, companies demonstrate their commitment to environmental sustainability, which can enhance their reputation among consumers, investors, and other stakeholders.

Facilitates access to finance: Many financial institutions consider environmental compliance as a prerequisite for financing. EPR registration can make it easier for businesses to access finance from these institutions.

Opportunities for innovation: Implementing the EPR plan can encourage companies to innovate and develop new technologies or business models that can minimize the impact of e-waste on the environment.

Increased resource efficiency: The EPR plan includes the collection and channelization of e-waste, which can help businesses to recover valuable materials from discarded electronics, reduce the use of virgin materials, and increase resource efficiency.

In conclusion, the CPCB EPR Certificate has several benefits, including compliance with legal requirements, environmental sustainability, improved corporate image, access to finance, opportunities for innovation, and increased resource efficiency.

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What Is EPR Certificate?

What Is Extended Producer Responsibility (EPR) Certificate?

Extended Producer Responsibility (EPR) certificate is a document issued to manufacturers or producers of certain products, certifying that they have met their legal obligations under EPR regulations. EPR is a policy approach that holds producers responsible for the environmental impacts of their products, from the extraction of raw materials to the disposal or recycling of the products at the end of their useful lives. The certificate serves as proof that the producer has taken steps to reduce the environmental impact of their products and has properly managed their end-of-life disposal. This can include measures such as implementing recycling programs, using sustainable materials, and designing products for easy repair or disassembly.

Implementation Of Extended Producer Responsibility (EPR)

The implementation of Extended Producer Responsibility (EPR) can vary depending on the country or region, as well as the specific product or industry. However, there are some common elements that are typically included in EPR programs:

Product registration: Manufacturers or producers of certain products are required to register with the EPR program and provide information about their products, such as the materials used and the expected end-of-life disposal.

Environmental management: Producers are responsible for managing the environmental impact of their products throughout their lifecycle, including the use of sustainable materials and the design of products for easy repair or disassembly.

Collection and recycling: Producers are required to set up and finance collection and recycling systems for their products at the end of their useful lives. This can include setting up drop-off points or working with municipalities to establish curb side pickup programs.

Reporting and compliance: Producers are required to submit regular reports on their EPR activities and compliance with the regulations. Non-compliance may result in fines or penalties.

Financial responsibility: Producers are financially responsible for the cost of managing the environmental impact of their products, including the cost of collection, transportation, and recycling.

Overall, the main goal of EPR is to shift the responsibility of managing the environmental impacts of products from the government and taxpayers to the producers themselves. This creates an incentive for producers to design and manufacture more sustainable products, and helps to reduce the overall environmental impact of consumer goods.

Is It Mandatory To Get EPR Certificate In India?

In India, the implementation of Extended Producer Responsibility (EPR) is governed by the Central Pollution Control Board (CPCB) and the Ministry of Environment, Forest and Climate Change (MoEFCC). The EPR regulations in India apply to certain specific products and industries, such as electronic waste, hazardous waste, and packaging waste.

For electronic waste, The e-Waste (Management) Rules, 2016, under the Environment (Protection) Act, 1986, requires that manufacturers and importers of electronic equipment obtain EPR certificate from the CPCB.

For hazardous waste, The Hazardous and Other Wastes (Management and Trans boundary Movement) Rules, 2016, under the Environment (Protection) Act, 1986, requires that producers of hazardous waste obtain EPR certificates from the CPCB.

Similarly, The Plastic Waste Management Rules, 2016, under the Environment (Protection) Act, 1986, requires that manufacturers and brand owners of plastic carry bags, and multi-layered plastic packaging obtain EPR certificates from the CPCB.

Therefore, obtaining an EPR certificate is mandatory for manufacturers and importers of certain products, such as electronic equipment, hazardous waste, and plastic carry bags, as per the rules and regulations set by the CPCB and the MoEFCC. This is to ensure that these products are properly managed and disposed of at the end of their useful lives and to reduce the environmental impact of these products.

Benefits Of EPR Certificate

There are several benefits to obtaining an Extended Producer Responsibility (EPR) certificate, both for manufacturers and for society as a whole. Some of these benefits include:

Environmental protection: EPR regulations help to reduce the environmental impact of products by encouraging manufacturers to use sustainable materials, design products for easy repair or disassembly, and properly manage the end-of-life disposal of their products.

Cost savings: By shifting the responsibility for the environmental impact of products from the government and taxpayers to the producers themselves, EPR regulations help to reduce the overall cost of managing waste and pollution.

Consumer protection: EPR regulations help to protect consumers by ensuring that products are properly labelled and that there are proper disposal options available for products at the end of their useful lives.

Compliance and legal protection: Obtaining an EPR certificate demonstrates compliance with regulations and can provide legal protection for manufacturers in case of any non-compliance issues.

Reputation and Marketing: Obtaining an EPR certificate can enhance a company's reputation and demonstrates their environmental responsibility, which can be used as a marketing tool.

Encourage innovation: EPR regulations can encourage manufacturers to develop new and innovative products that have a lower environmental impact, which can lead to long-term economic benefits.

Overall, EPR regulations help to create a more sustainable and responsible production and consumption system, which can lead to a cleaner and healthier environment and a stronger economy.

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How to obtain EPR Certificate Registration?

The EPR (Electronic Product Registration) certificate is a document that is issued by a manufacturer or supplier of electronic products to certify that the product meets certain environmental and/or energy efficiency standards. The certificate is typically issued for products such as televisions, computers, and appliances. The purpose of the EPR certificate is to provide assurance to consumers that the products they are purchasing are environmentally friendly and energy efficient.

EPR (Extended Producer Responsibility) registration is a process through which manufacturers and importers of certain products are required to register with a designated authority and take responsibility for the end-of-life management of those products. The purpose of EPR registration is to encourage manufacturers and importers to design products that are more easily recyclable or that have less environmental impact, and to ensure that the costs of managing waste products are borne by those who create them. In many countries, manufacturers and importers of products such as electronics, batteries, packaging, and certain chemicals are required to register for EPR and may be required to pay fees to cover the costs of recycling or disposing of their products.

Benefits of EPR Certificate/Registration in India

The benefits of EPR (Extended Producer Responsibility) certification/registration in India can include:

Encouraging manufacturers and importers to design products that are more easily recyclable or have less environmental impact.

Providing a mechanism for manufacturers and importers to take responsibility for the end-of-life management of their products.

Reducing the burden on local governments and taxpayers for the management of waste products.

Providing a way for consumers to identify products that are more environmentally friendly.

Promoting circular economy by keeping the product in use for longer period.

Encouraging manufacturers to use eco-friendly and sustainable materials

Encouraging to adopt cleaner production processes.

Promote sustainable consumption by making the customer aware of the environmental impact of the products they buy.

Generating employment in the waste management and recycling sector.

Reducing the environmental impact of waste products by promoting recycling and reducing the use of natural resources.

Process of EPR Certificate Registration

The process of EPR (Extended Producer Responsibility) certificate registration in India can vary depending on the specific regulations in place, but generally, it involves the following steps:

Identify the products and materials that are subject to EPR regulations.

Obtain all the necessary documents and information required for registration, such as product information, test reports, and environmental impact assessments.

Submit the registration application to the designated authority, which could be a government agency or a third-party organization.

Pay any fees that are required for registration.

Wait for the registration to be processed and approved.

Once registration is approved, the manufacturer or importer will be issued an EPR certificate, which must be displayed on the product or packaging.

Manufacturers and importers are also required to submit annual reports and pay annual fees, based on the quantity of products sold or imported in India.

Manufacturers and importers are also required to participate in the collection and recycling of the end-of-life products.

It's always advisable to consult with an expert or an organization that deals with EPR registration as the process and requirements may vary as per the state or product.

How do I Online Register for EPR?

EPR (Extended Producer Responsibility) online registration is the process of registering for EPR compliance through an online portal or website, rather than submitting a paper application. The benefits of online registration include convenience and speed, as well as the ability to track the status of the registration and make payments electronically.

The process of EPR online registration in India can involve the following steps:

Visit the official website of the designated authority responsible for EPR registration in your state or country.

Create an account on the website by providing personal and company information.

Log in to the account and provide the necessary product and company information, including product details, test reports, and environmental impact assessments.

Submit the registration application online, along with any required fees or documentation.

Wait for the registration to be processed and approved.

Once registration is approved, the manufacturer or importer will be issued an EPR certificate, which must be displayed on the product or packaging.

Manufacturers and importers are also required to submit annual reports and pay annual fees, based on the quantity of products sold or imported in India.

Manufacturers and importers are also required to participate in the collection and recycling of the end-of-life products.

It's always advisable to consult with an expert or an organization that deals with EPR registration as the process and requirements may vary as per the state or product.

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Guide on Extended Producer Responsibility Certification - EPR Authorization in India. Learn More: https://bit.ly/3tuvFP7 EPR certification is provided under the EPR authorization to the importers and manufacturers of the electrical equipment and products.

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Latest RBI Regulation of NBFC Takeover in India

RBI Regulation NBFC Takeover

The takeover will mostly go over the target firm's documentation, and once the acquirer approves the acquisition of the stated NBFC, an MOU will be inked with some token money. As specified by the purchaser, KYC documents, a business plan, and a three-year projection will be developed in relation to incoming directors. In this essay, we shall discuss the RBI's NBFC takeover regulations.

Giving of documents that have been prepared to be submitted to the RBI where the company's registered office is located. Coordinating with the RBI and responding to all takeover-related questions.

Following that, receiving an RBI approval letter to publish a public notice in two newspapers for 30 days, as per RBI requirements, describing the management change and seeking any objections.

The requirement to acquire RBI permission before acquiring or transferring control of a non-banking financial company (NBFCs)

The Reserve Bank of India's Prior Approval Requirement

For the time being, prior written permission from the Reserve Bank will be necessary.

· Any NBFC takeover or acquisition of control, that might or might not result in a change of management;

· Any change in shareholding pattern that results in the acquisition/transfer of 26 percent or more of the NBFC's paid-up equity capital & prior approval is required; however, prior approval is not required in the case of any shareholding pattern that falls below 26 percent and is due to a buyback of shares/reduction of share capital with the consent of the competent court. Similar events must, however, be reported to the reserve bank within one month of their occurrence.

· Any change in the NBFC's organisation that would result in a change in more than 30% of the NBFC's assets.

Prior approval would not be necessary for those directors who are re-elected by rotation on retirement.

Financial Companies Acceptance of Public Deposits (Reserve inform the Reserve Bank required in Non-Banking Bank) Directions, 1998, Non-Systemically Significant

Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015, and Systemically Important Non-Banking Financial (Non-Deposit Accepting Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015 will continue to apply to

Prior Approval Request Form

Applications in this regard can be made to the Department of Non-Banking Supervision's Regional Office in the jurisdiction where the NBFC's Registered Office is located.

The requirement of Prior Public Notice about change in Control/Management

A public notice of at least 30 days shall be given before effecting the sale of, or transfer of the ownership by the sale of shares, or transfer of control, whether with or without the sale of shares. Such public notice shall be given by the NBFCs & also by the other party or jointly by the parties concerned, after obtaining the prior permission of the Reserve Bank of India.

The public notice will specify the intention to sell or transfer ownership/ control, the particulars of transferee & the reasons for such sale or transfer of ownership/ control. The notice will be published in at least one leading national & in one leading local (covering the place of registered office) vernacular newspaper.

The directions contained above are applicable with immediate effect, i.e., the same will apply on any takeover or acquisition of control, any change in the shareholding or any change in the management occurring after the date of this circular.

Application of other laws not barred

The provisions of these Directions shall be in addition to, & not in derogation of the provisions of any other laws, rules, regulations or directions, for the time being in force.

Repeal & Saving

Non-Banking Financial Companies (Approval of Acquisition or Transfer of Control) Directions, 2014 dated May 26, 2014, shall stand repealed. Notwithstanding such repeal, any action taken, purported to have been taken or initiated under the directions hereby repealed shall continue to be governed by the provisions of the said directions.

Listing the Differences between NBFC and Bank – NBFC Registration

The literature contains sufficient evidence, which highlights the instrumental role played by the financial system which helps in boosting the development of an economy. Under the financial system, the resources are channeled directly from the savers to the investors, and such a process is called as financial intermediation.

In whole, a financial system is endowed with three elements, which are as follows:

The first element, indicates to the financial intermediaries.

Second element points to the financial instruments.

Lastly, the financial markets play a crucial role.

With special focus on the financial intermediaries, their job is to facilitate the transactions between the savers and investors. The fundamental role enacted by the financial intermediaries lies in having to translate the savings into investment.

While taking into account the banks and other non-banking financial companies, it can be said that both of them are a type of a financial intermediary, and work towards extending the similar kind of financial services to the customers.

The ultimate difference between bank and NBFC is that the NBFC is an entity that cannot issue the self-drawn cheques and also the demand drafts.

Another major difference between the NBFC and the bank is that while the banks play a crucial role in the country’s payment mechanism, non-banking financial companies do not take part with respect to such transactions.

Considering the fact that finance is the most important element, required by any individual or business entity, therefore, the NBFC’s came into existence to assist the banks, so that the large sections of the society can be catered to, with respect to both the public and private sector.

Let’s try and draw the comparison between the NBFC and the Banks

The comparison can be drawn between the NBFC and the Bank, as follows:

1) The first criteria on the basis of which difference can be drawn between NBFC and the bank points to the meaning.

Firstly, an NBFC is a kind of a company, wherein the banking services are provided to the people, such that there is no need to hold the banking license.

On the other hand, a bank is a kind of a financial intermediary which is duly authorized by the bank. Its aim is to provide the banking services to facilitate the general public.

2) The second basis of the comparison is set at incorporated under. On the first hand, the NBFC is incorporated under the Companies Act, 1956, while the Bank is incorporated under the Banking Regulation Act, 1949.

3) The third basis of comparison points to the Demand Deposit. Under NBFC it stands at not accepted, while on the other hand, the demand deposit stands at accepted under the category of Bank.

4) The next basis for comparison stands at foreign investment. Under NBFC, it is allowed up to the level of 100%. While, on the other hand, the foreign investment is allowed up to the mark of 74% in case of the private sector banks.

5) Payment and settlement system is the next basis for comparison. Under the NBFC, it doesn’t form part of the system, whereas, under the bank, it is an integral component of the system.

6) The next comparison is founded on maintaining the reserve ratios. Under the NBFC, it is not required, whereas under the bank, it stands compulsory.

7) Deposit insurance facility is the next basis of comparison, wherein it shows as not available under the NBFC, while on the other hand, the status stands at available under the bank.

8) On the basis of credit creation, credit is not created under the NBFC, however, credit is created under the banks.

9) Transaction services is the next criteria, which is not provided by the NBFC, whereas in case of the banks, transaction services are well provided.

Let us understand the definition of the NBFC

NBFC simply stands to mean Non-banking financial company. This is a type of a company which gets registered under the Companies Act, 1956, and is regulated by the Reserve Bank of India, 1934. The NBFC is not typically a kind of a bank, but they are engaged in the activities that deal with lending, which shares similarity with having to provide the credit facilities, managing the portfolios of the stocks and also deal with the activities that involve the transfer of money.

An NBFC deals with the activities that pertain to housing finance, hire purchasing and the infrastructure finance. Deposits are accepted by the NBFC’s, but do not accept the term deposits and the deposits which become repayable on demand.

Certain companies came into existence during the period of mid-1980. SBI Factors, Sundaram Finance and other ICICI ventures are some of the examples that point to some of the popular NBFC’s. An NBFC can be categorized under the following three categories, which are given below:

The first category, relates to asset companies.

The next category is with respect to the companies that extend loan.

The investment companies forms part of the last category.

Let us understand the definition of the Bank

Banks are construed to be such institutions that are in the nature of extending financial services. These financial entities are duly authorized by the government, such that the banking activities can be conducted like that of having to clear the cheques, managing the withdrawal’s pay interest. Other than this, general utility services are extended to the customers.

The financial system as existing in the country is dominated by the banks, which is the apex organization. The economy functions in a smooth manner, with the help of the bank that facilitates the activities between the depositor and the borrowers.

Banks can be categorized into the categories as given below:

In the first place, the banks can be public sector banks.

Secondly, the banks can belong to the private sector.

Lastly, the foreign banks constitute another branch of the bank.

Banks are endowed with the multiple responsibilities, like having to create the credit, the deposits are mobilized and public utility services are extended.

Shareholder is the entity with whom the ownership of the commercial bank is prescribed with. The very motive behind its mode of operation is accorded to making profits.

Chalking out the major differences between the Bank and NBFC

On the grounds given below, the differences between the bank and the NBFC Registration can be jotted down below:

A bank is a kind of a financial intermediary, which is authorized by the government, such that, its aim deals in providing the bank related services to the customers, regardless the fact that whether the banking license is held or not.

NBFC is the entity, whose incorporation takes place under the Indian Companies Act, 1956. In contrast, the bank gets registered under the Banking Regulation Act, 1949.

The deposits which are repayable on demand, are not allowed by NBFC to be accepted. The scenario is much different with respect to the banks, by whom the demand deposits are accepted.

In case of NBFC, foreign investments are allowed up to the mark of 100%. On the other hand, the banks that form a part of the private sector, entail eligibility for foreign investment, wherein it would be not more than the mark touching at 74%.

With respect to the payment and settlement cycle, banks are an integral component, while on the other hand, the NBFC does nit form part of the system.

Reserve ratios must be maintained by the banks, which can either be CRR or SLR. This is in contrast to the NBFC, wherein there is no requirement of maintaining the reserve ratios, which is complete opposite to the NBFC.

With respect to the depositors of the banks, the deposit insurance facility is allowed to them, by the Deposit insurance and credit Guarantee Corporation. With respect to NBFC, such a facility stands unavailable.

Credit is created by banks, while on the other hand, there is no involvement of the NBFC pertaining to credit creation.

Customers can avail the transaction services as provided by the banks. This can include the facilities that work to provide the overdraft facility, deals with the funds transfer and issuance of the travelers’ cheque. NBFC do not extend such services as such.

Conclusion

In the nutshell it can be concluded that the NBFC’s are established with the motive, such that the credit can be extended to such sections of the society that are regarded poor. While on the other hand, the government charters the banks, such that the deposits can be received by the government and credit can be granted to the public.

In comparison to NBFC, the licensing regulations of the bank are more stringent. In addition, a business cannot be operated by the bank, other than having to do the banking business. However, a business can be operated by an NBFC.

#nbfc registration #nbfc bank #non banking financial institutions #NBFC regulations #NBFC License #nbfc registration in india

How to Open a Company Simple Step

“I don't know how to start a company. Can you help me?” I have heard this question thousands of times in the past few years, and almost always the answer, at first simple for the beginning entrepreneur turned into a conversation of more than an hour, and that he leaves with many answers, but also with many questions to ask about your own business. The act of entrepreneurship in Brazil is still not a very clear path for new entrepreneurs, and it often discourages the formalization of start-up businesses.

We will use this space to understand and demystify this stage of your business, and associate the legal and legal terms with your practical needs. This is a first barrier that we have to break down to continue. Yes, the legal terms are sometimes boring, might not even be a beach, but are part of the business environment. There is no way around it.

The Steps for Starting a Company

Leaving the premise that you already have a good business idea and just want to legally open your company, let's now see the general steps that all businesses need to go through. Logically, it is always important and mandatory that this process is accompanied by your accountant:

Creation of the Social Contract

Registration with the Commercial Registry

Issuance and Activity Choice

Municipal and State Registration

Business Licenses

Licenses

For some types of companies and activities, some of these steps are exempt or not applicable, but in general, all companies go through almost all of these steps. Let's see one by one:

1) Creation of the Social Contract

The social contract is the most important document of a business, as it will contain all the main definitions of the business, such as social capital, partners, the functioning of society as a whole, activities developed, etc. Below are some important definitions that will be included in your social contract.

1) Definition of the Corporate Purpose

What will the company work with? This should be clearly described in your contract, as many future definitions were based and limited by what is defined. It is not necessary to explain your work process, or the facilities that will be presented to the customer, but what your company will do to receive money in return. Let's look at a case to illustrate this confusion:

Once, a customer came to us saying his website to help organize weddings. You see, in that sentence, he said what the site was going to do, but not how it was going to generate revenue. In the end, the company had several activities, such as BUSINESS INTERMEDIATION (charged a fee from the service provider for a closed deal), and ADVERTISING ON THE SITE (who wanted to pay to expose their brand on the site). In other words, this is what really describes the company's corporate purpose.

It is important to know that you can have as many activities as you want in your company's corporate purpose, such as developing websites, selling books and teaching yoga.

2) Definition of Company Name

Every company has a corporate name. The corporate name is the formal name of the company, and consists of 2 parts: I) a specific identification, for example GLOBEX; and ii) indication of your area of?? Activity COMERCIO S / A, then we have the company name GLOBEX COMERCIO S / A.

In parallel, the company may adopt a fancy name, which is the case of the example above. The fancy name is not mandatory, and can be included after the company is formed. In the case of a fancy name, it is recommended that the name be registered.

3) Definition of Capital Stock

The capital is how much (money), entrepreneurs will put as a guarantee of the 3rd company before. There is no legal formula or limitation (minimum or maximum) required by law. Even if there is no formula, some indicators are useful for its determination:

a) What is the investment capacity of each partner at the time of the creation of the company?

b) How much does the market require capital to close a deal with your company? This issue is more relevant in commercial companies than in service companies.

c) What guarantee do the partners intend to provide to third parties? Suppliers, banks, etc... The higher the capital, the higher your credit limit, but also the greater the responsibility of the partners.

Often, I see service companies constituting a share capital of less than R $ 5,000.00, which would be the minimum necessary to start the operation. I emphasize that this is not a rule, but an observation about what is practiced.

4) Definition of the Type of Company

The types of companies allowed are defined by the civil code. There are more than 10 types, the most common being the LIMITED BUSINESS COMPANY. This type of company is made up of at least 2 partners. At the moment it is necessary to define who will be the participants and what is the participation of each one in the SOCIAL CAPITAL of the company. This represents the right and the responsibility of each one over its assets.

5) Definition of Business Managers

It is through the social contract that who can sign for the company is defined. Who can buy, sign contracts, borrow, hire or fire employees, in short, make the company's day-to-day decisions. The company may have several administrators and each with different powers. It can even determine that more complex operations, such as the purchase of a vehicle, can only be signed jointly by all administrators.

In this case, the civil code is also broad, and allows for numerous combinations. The important thing is to understand that the choice cannot hamper the company's day-to-day activities. Reflect well on the powers that will be given to each versus the agility that the company needs to run its business. This is also an extensive topic that we will return to in the future.

7) Where will the company's headquarters be

The operating location is important for obtaining operating permits. Many municipalities allow the company to be installed in the home of one of the partners, when there is no movement of people or goods at these addresses. This practice is common in service and technology companies that have no employees. This option minimizes the cost of renting commercial rooms when the real operational size of the company is not yet known.

Having answered these questions, you have just written your social contract. This is the primary document for the formalization of the company. All company actions are based on this document and on the information signed therein.

2) Registration with the Board of Trade

Following the drafting of the social contract, you must register it with the commercial board or notary of legal entities in your state. It is important that before doing so, you research if your company name is available, as this may cause your registration to be noticed. We always suggest that you consult the Board of your state before proceeding with the registration, as each one has its particularities. In any case, the following documents are typically required:

3 copies of the Social Contract authenticated

Copies of the RG and CPF of all certified members

Completed Board Registration Form

Proof of payment of registration fee

3) Issuance and Definition of Activity

When your company has been approved and registered with the Board, you will receive a (Company Registration Identification Number). With it, it is possible to go directly to the IRS website and enter your registration process.

It is also at that moment that you will define the activities of your business. You must have one primary activity and up to 14 secondary ones. This will define the type of invoice you can issue and transactions you may have.

4) State and Municipal Registration

Both the municipal or state registration may end up being done together with the issuance of the CNPJ or registration with the Commercial Registry. However, it depends on the state to state. In some cases, they must be done separately at the federal (state) tax office or at the city hall of your city (municipal)

5) Operating Permit

The permit is the document that will prove that your company can literally open its doors to the market. It must be issued with your city hall. At this point, it is important before renting any property, check if your location is in line with your business activity!

6) Operating Licenses

Finally, depending on the type of activity of your business, also your city and state, there are some licenses that must be taken out for the business to operate. They are as complements to the business license. Although there is a wide variety, in general there are 3 types of licenses:

Environmental

Sanitary

Safety

The good planning of this stage eliminates costs and gives agility to the company, in addition to the appropriate tax and business planning for your business.

If symptoms persist, seek an accountant. ??

If you have any questions about accounting or how to open a company, leave a comment in this post and we will answer next!

If you are in need of tools to help you solve the question "how to open a company", be sure to check out our Package with Spreadsheets for Starting a Business!

#business license #business registration #Business Compliances #business certification #business

Understand how waste management works for companies

Sustainability practices have become popular among many companies, yet waste management remains a challenge. Do you want to understand how some solutions and instruments can help your company in this matter? Keep reading!

Much has been debated about the impact caused by the production of waste so common in the sale of food, beverages, and cosmetics, among others.

Basically, the amount of packaging generated, or even wet waste, ends up contributing, due to the lack of an adequate waste management, to the landfill and existing landfill subdivision, as well as to the pollution of the environment in which we live.

The role is often divided between companies that generate waste and the government that seeks to promote public policies that minimize negative externalities.

As protagonists of this not-so-positive situation, many companies started to prepare themselves, both to comply with environmental legislation, as well as to acquire a competitive advantage and stand out through corporate sustainability. To this end, they concentrated their energy on creating efficient waste management. And that’s what we’ll show you here.

From simple attitudes such as the use of selective collection to the PGRS, we will describe in full the main instruments for implementing a management that can serve different business sizes . Come on!

Post-industrial reverse logistics

Let's start with the first problem of the industries: what is left over from production and which, at first, will no longer be useful. They can be liquids, rest of products and supplies, buckets, packaging or products that have had an error and therefore need to be discarded. We call this type of waste post-industrial.

And when we talk about waste, the biggest instrument in Brazil to minimize the environmental impact is reverse logistics.

If you still don't know the reverse logistics and the possibilities to implement it easily and quickly, we leave in this link everything you need to know about it .

Here, we will leave just a small spoiler: reverse logistics is responsible for returning waste that would no longer be useful for the production cycle, as an energy resource or as a raw material. Cool huh?

How to do this? There are several companies specialized in reverse post-industrial waste logistics that carry out the appropriate final disposal and prove this before the regulatory agencies.

And specialized companies for industries are necessary because the regulatory bodies require a permit for the movement of waste, especially when dealing with large quantities or even toxic waste.

Small companies that are starting now can guarantee the reverse logistics of recyclable inputs by contacting a nearby recycling cooperative. They commonly collect material in partnership with city halls.

Post-consumer reverse logistics

We can point out the packaging marketed by a company as another impact that has been growing and has even mobilized a large part of consumers due to pollution in the seas and oceans.

Did you know that the oceans receive 25 million tons of garbage a year?

These commercialized packages are called post-consumer waste. And despite being discarded by consumers, there is a shared responsibility among all actors (manufacturers, consumers, government, distributors, and traders) so that there are articulated actions that really make a difference in reversing this situation.

For this to work, reverse logistics is implemented in companies that sell packaging in Brazil. That is, they must ensure that all weight of marketed packaging is recycled.

Why am I responsible for the packaging my consumer discards?

This model of shared responsibility in reverse packaging logistics was inspired by the Asian Union's environmental legislation, which has been an excellent case of success in packaging recycling rates.

And it works for a simple reason: the costs of implementing reverse logistics are internalized by all actors in the system while there is a fee for the environmental service provided by operators who perform reverse logistics.

In this way, there is the maintenance of the reverse logistics system (collection and sorting), at the same time that the government is able to manage the cost by passing them on to private initiatives that include the value in the final price of the product.

Solid Waste Management Plan

For all companies that need to go through the Environmental Licensing process, the implementation of a Solid Waste Management Plan is also mandatory.

Basically, ends up being a methodology that follows the entire product life cycle and implements improvements for greater energy efficiency at all stages.

It is definitely a structure that generates many benefits for the company that puts it into practice, articulating the reverse logistics of post-consumption and industrial post mentioned above.

To put it into practice, as it is a large-scale project that must be presented to the state regulatory agency, the PGRS must be prepared by a technical team, whether an intern in the area of the environment or by a team or consultant hired externally.

A small step towards the future

Managing solid waste consciously is a small step towards the future that can make all the difference in the long run for the planet and for society.

Are you prepared for this change? We want to help you make this happen and because we believe that a successful sustainability journey is possible, we have left an incredible article below to inspire you on this journey.

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NBFC Registration in India

NBFC (Non-Banking Financial Company) is a company registered under the Companies Act, 1956, NBFC is a company involved in the primary business of leasing, hire-purchase, lending, investments in stocks/shares/debentures/bonds, chit business, insurance business, or involved in the receiving of deposits under any scheme or arrangement. NBFC are regulated by the Reserve Bank of India (RBI).

Non-Banking Financial Company

NBFC (Non-Banking Financial Company) is a company registered under the Companies Act, 1956 with activities similar to that of a bank, except few mentioned below:

NBFC’s cannot issue cheque drawn on itself

NBFC’s cannot accept demand deposits

Deposits in NBFC’s are not insured, however in Bank deposits are insured by Deposit Insurance and Credit Guarantee Corporation.

NBFC’s act like banks except for the above mentioned points. NBFC’s are engaged in the business of making loans and advances, hire-purchase, insurance business, acquisition and trading of stocks/shares/debentures/bonds /securities, leasing, chit business but does not include any institution whose prime business belong to industrial activity, providing any services and purchase/sale/construction of fixed assets, agriculture activity, or purchase or sale of any goods (other than securities).

Also a company which is in the primary business of receiving deposits under any scheme or deal in one lump sum or in installments by way of contributions or in any other manner, is also considered an NBFC (non-banking financial company).

Categories of Non-Banking Financial Company (NBFC)

NBFC’s are primarily categorized into two categories

Deposit taking NBFC’s

Non-deposit taking NBFC’s.

Deposit taking NBFC’s and non-deposit taking NBFC’s are additionally classified based on their size and working activities. Within these two types of broad categorization, there are again many types of NBFC’s like Investment Company, Asset Finance Company, Systemically Important Core Investment Company, Loan Company, Infrastructure Debt Fund, Infrastructure Finance Company, Micro Finance Institution and Factors.

NBFC Registration

As per Section 45-IA of the RBI Act, 1934, no company can start or carry on business of an NBFC (non-banking financial company) without obtaining a valid certificate of registration and without having a Net Owned Funds of Rs. 20 million (2 Crores). The mandatory requirement for registration as a NBFC are a company incorporate under Section 3 of the Companies Act, 1956 and having a minimum net owned funds of Rs. 20 million (2 Crores).

To elaborate more about Net Owned Funds, Net owned funds is the balance of “owned funds” minus the amount of investment in shares of subsidiaries, companies in the same group and all other NBFCs, book value of debentures, outstanding loans, bonds, and advances plus hire purchase and lease finance made to and deposits with subsidiaries and companies under the same group.

Owned funds is the total of paid-up equity capital, preference shares which are forcibly convertible into equity, balance in share premium account, free reserves, and capital reserves representing leftover arising out of sale proceeds of asset, not including reserves created by revaluation of asset, after deducting there from total balance of loss, overdue revenue expenditure and other intangible assets.

Application for registering an NBFC (Non-Banking Financial Company) must be made in the prescribed form to the Regional Office of the Reserve Bank of India.

Documents required to get NBFC License from RBI

COI Copy issued by ROC

AOA & MOM of the company

Board of Resolution accepting the following before getting registration from RBI:

Adherence to the “Fair Practices Code” As per RBI Guidelines

Non-carrying out of acceptance of any public deposit

Audited Balance Sheet along with P&L account with directors and auditors report for a period of last three years

Director’s Highest Educational & Professional Qualification certificates

Director’s experience certificate in Financial Services

Details of deposits & loans balances as on date of application & conduct of account (Bankers report)

RBI Requisite for NBFC License or NBFC Registration

Company should be registered under the Companies Act, 2013 OR Companies Act, 1956

Company should have Minimum Net Owned Fund of INR 20 millions

Financial Companies NOT Regulated by RBI

RBI regulates and governs companies which are engaged in financial activities as their prime business. A company which has 50% of the total assets as financial assets and generates more than 50% of its gross income from such assets is termed as an NBFC (non-banking financial company) and regulated by the Reserve Bank of India (RBI).

However, few financial institutes have specific regulators and are exempted from Reserve Bank of India (RBI) from its regulatory requirements. For example, Insurance Regulatory and Development Authority (IRDA) regulate insurance companies. Also National Housing Bank (NHB) regulates housing finance companies.

Securities Exchange Board of India (SEBI) regulates Mutual funds, Venture Capital Companies, Merchant Banking Companies, Stock Broking companies. State Governments regulate Chit Fund Companies and department of Companies Affairs (DCA) regulates Nidhi companies.

Deposit Taking NBFCs

Deposits are money collected in any manner, other than that collected by way of share capital, security deposit, financial institutions and money lenders and subscription to chit funds, contribution of capital by the partners of a partnership firm, advance consideration for purchase of goods, services or construction, earnest money deposit, loans taken from banks.

Money collected in all manners other than these would be considered as deposits. Few NBFC’s (non-banking financial companies) cannot accept public deposits. Only those NBFC’s (non-banking financial companies) that hold a valid deposit accepting Certificate of Registration from RBI (Reserve Bank of India) can accept deposits.

Moreover, RBI (Reserve Bank of India) is of the purview that only nationalized banks can accept deposits and hence has not certified any NBFC started after 1997 to accept deposits.

Penalties for Deposit Taking without Authorization

If any company either (Proprietorship / Partnership) or an NBFC is found accepting public deposits without valid authorization from RBI, that company is liable for criminal action.

Also, if any of the NBFCs connect themselves with proprietorship/partnership firms accepting deposits in breach of RBI Act, they are also liable to be prosecuted under criminal law or under the Protection of Interest of Depositors (in Financial Establishments) Act, if passed by the State Governments.

#nbfc registration #NBFC License #RBI NBFC Registration #NBFCs #nbfc

What is the recovery of waste?

How to start Scrap Import Business In recent years, concern for the environment has become a responsibility for countries and their societies. Every day new options are presented to recycle and thus extend the life of the planet.

The reuse of waste is a tool that was born out of this concern about contamination. It is an instrument that allows most of the waste not to end up in the landfill. It is about evaluating the remains not as objects, but as raw material for other processes.

We offer waste collection services, through which we take care of collecting these remnants, no matter what their origin, to examine them and determine how they can get a second chance.

Waste management

This concept encompasses all the activities that must be carried out to treat any waste. This includes collection, transport and final treatment.

The recovery procedure will depend on the composition of the waste. For example, a different method is used for organic residues than for inorganic residues.

In the case of highly toxic materials, such as paints or solvents, there is a specific protocol for their collection and transfer that responds to the management of hazardous waste

Hence the importance of having a waste manager that complies with current regulations, and ensures its correct treatment.

Treatment hierarchy

Due to the high generation of garbage, the European Union defined a hierarchy when it comes to waste treatment.

As a first step, you should try to prevent the generation of waste as much as possible . However, it is known that not producing them is an almost impossible task. For this reason, the second step is made up of the reuse of these materials followed by recycling.

Fourth, another kind of valuation is placed, which includes the energy field. Fifth and last is landfill disposal. This hierarchy forces companies to exhaust all possible options before using garbage cans .

What is the recovery of waste?

Some experts in the field have defined the recovery of waste as the result of a study that establishes how a waste could replace other materials within an object that is designed to fulfill a specific function.

Not everything should end up in the trash. Therefore, there are plants that classify each type of material. Once this process is finished, these wastes are prepared to transform and have a new utility.

Types of waste recovery

Energy rating

Through the incineration of waste, energy is obtained from these materials. This energy is sometimes comparable to the functions of conventional fuels such as coal, gas, and hydroelectricity.

This is a relatively new concept, on the rise and very beneficial, since it does not need large areas of land and is governed by rigorous environmental control.

Valuation of solid materials

It is the obtaining of raw material through recycling. In this regard, the management of non-hazardous waste such as plastic containers, paper, cardboard, glass, among others, is common .

Benefits of waste recovery

Reduction in the amount of waste

By implementing waste recovery, the amount of garbage that finally reaches landfills is reduced.

If a percentage of each company's waste ends up being recycled or reused, it would be a significant decrease in the pollution to which the planet is subjected.

It is important to remember that garbage collectors represent a risk to society, because their decomposition generates liquids and gases with harmful effects on the soil, air and water.

Garbage collectors could have serious consequences for the health of an entire population and, in the long run, for the environment in general.

Economic advantages for companies

The reuse of materials could cause a reduction in the costs of purchasing raw materials.

If a company is able to produce its own materials, it will not have to spend more money on its suppliers.

Although the recovery of waste implies capital consumption, it is preferable to pay this price and spend less money on the acquisition of more raw materials.

New jobs

Since this tool began to be used, more and more consortia are using it. For this reason, investment in recycling plants has increased every time.

This bet has generated an increase in jobs, thus favoring the economic activity of the countries. It is estimated that each year investment in this area will increase.

Read our Blog: How to start Scrap Import Business

The recovery of waste is not only a recommended activity, but it has also become an action of vital importance for the maintenance of life on the planet.

We are very aware of this and, therefore, we take care of valuing your waste and that of your company in the best possible way, putting your comfort and the preservation of the environment first.

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Waste Management: Types and Sources of Waste

Generally, waste can be liquid or solid, both equally dangerous. These types of waste can also be grouped into organic, reusable, and recyclable waste.

Here are more details:

1. Liquid waste

The waste can be non-solid, some of it can be converted to liquid waste for disposal. This includes discharges from point and non-point sources such as storm water and wastewater.

Example of liquid waste includes the washing water you use to clean your house, liquids used for cleaning in companies and residual detergents.

2. Solid waste

Solid waste management is predominantly any type of garbage that we generate in our homes and other places. This includes old car tires, old newspapers, broken furniture, and even food waste. Any waste that is not liquid can be included in this group.

3. Hazardous waste

Hazardous or harmful wastes are those that potentially affect public health or the environment. These wastes can be flammable (can be quickly affected by fire), reactive (explode easily), corrosive (easily passes through metal), or toxic (poisonous to humans and animals). In many countries, it is required by law to work alongside the appropriate authority to oversee the disposal of hazardous waste. These include fire extinguishers, old propane tanks, pesticides, equipment containing mercury (thermostats) and lamps (fluorescent bulbs), and batteries.

4. Organic waste

Organic waste comes from plants and animals, it is common to include food waste, the skin of fruits and vegetables and even dog excrement can be classified as organic waste. They are biodegradable (meaning they can be easily destroyed by other organisms over time and turned into fertilizer) Many people compost their organic waste and use it in their gardens.

5. Recyclable waste

Recycling is processing used material (waste) into new and useful products. This is done to reduce the use of raw material that you would have used. Waste that you can potentially recycle is called "recyclable waste." Aluminum products (soda cans, milk cans, among others), plastics (grocery bags, plastic bottles), glass products (wine, beer or broken bottles), paper products (used envelopes, newspapers and magazines, cardboard boxes) can be recycled and fall into this category.

Sources of waste:

1. Source of municipal waste

This includes trash or waste from homes, schools, offices, supermarkets, restaurants, and other public places.

It includes everyday items like food waste, used plastic bags, plastic soda cans and water bottles, broken furniture, cranes, product packaging, damaged appliances, and clothing.

2. Source of medical waste

Clinical and medical wastes, normally refer to waste produced in medical centers such as hospitals, clinics, surgery rooms, veterinary hospitals and laboratories. These wastes tend to be classified as hazardous waste rather than normal waste.

This group includes surgical tools, pharmaceuticals, blood, body parts, bandage supplies, needles, and syringes.

3. Sources of agricultural residues

Typically, these wastes are generated by agricultural activities. These include horticulture, seed and fruit planting, livestock raising, market gardens, and greenhouses.

Waste in this group includes empty pesticide containers, expired medicines, worms, used tires, surplus milk, cocoa containers, and corn husks.

4. Old cars

When cars are old and don't work anymore, where do they end up? Many people just leave them rusting in the field, but there is a better way to deal with them. In many cities around the world, these vehicles are sent to plants, where all removable parts are removed for recycling. The rest is flattened and shredded into pieces for recycling. The last pieces that cannot be used are sent to a landfill.

5. Sources of industrial waste

Since the industrial revolution, the rise of industries that make glass, leather, textile, food, electronics, plastic and metal products have contributed to the production of waste. Take a look around your house, everything there is probably manufacturing and possibly waste was produced as a result.

6. Sources of construction and demolition waste

Construction waste is the result of the construction of roads and buildings. Sometimes old buildings and structures are demolished to make room for new buildings. This is particularly common in old cities that are being modernized. This is called demolition waste.

Leftover waste includes concrete, wood, dirt, large boxes and plastics from building materials.

7. Sources of electronic waste

These are waste electrical and electronic equipment such as DVDs or music players, televisions, telephones, computers, vacuum cleaners and all the electronic objects in your house. Some electronic waste (such as television sets) contains lead, mercury, cadmium, and flame retardants.

These are harmful to humans and the environment, which is why it is important that the correct authorities ensure the correct disposal of these wastes.

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Waste management: How to avoid fines for transporting hazardous waste

By nature, the transportation of hazardous waste requires a high level of responsibility. These materials can often pose a significant threat to people and the environment alike and must be handled with care.

If proper hazardous waste management is not followed is not followed, you are likely to face heavy fines and could even end up in prison for a time.

Therefore, it is vital to follow all regulations and ensure that these materials are transported while adhering to full compliance with the laws. However, how can you ensure that these two things happen?

Get a permit and create an emergency response plan

In order to transport certain hazardous waste, you must obtain an authorization from the hazardous materials and waste service from the Ministry of Transport, which must be renewed every five years. This is the easiest and simplest step to working within the rules and ensuring that you operate as safely as possible.

Since permits are required to transport a lot of this waste, it is essential that you not only obtain them, but also make sure to record them to stay current.

If you don't comply with this, you are likely to face heavy fines and may even end up in prison for a time.

In addition to obtaining a hazardous waste transportation authorization, you should have an emergency response plan ready, along with an emergency phone number. When the waste is in transit, the number should be monitored all day and every day. In addition, it must be monitored by a person who is capable of providing any necessary information in order to respond to the emergency.

With this in mind, here are other tips to ensure the safe handling and transportation of hazardous waste.

2. Tips for transporting hazardous waste

There are many things that can go wrong during hazardous waste transportation, ranging from accidents caused by human error to problems with loading and unloading of these materials.

However, if you follow some of these tips, you can immediately mitigate the risks and, at the very least, you will know what to do if something happens.

Always follow hazardous materials handling procedures. Don't skip steps!

Reduce vehicle speed and practice safe driving techniques

Do not overload the cargo spaces or fill the tanks

Familiarize yourself with all the rules and procedures for hazardous materials

Review shipping documents before departure to identify basic hazards of waste

Make sure you know what to do if an emergency happens

If possible, always use specific waste labels for a certain material

Double check the information on the packaging and ensure the information matches the shipping documents.

Although implementing these practices and procedures will not completely eliminate an unavoidable accident, getting into the habit of doing so will greatly reduce the risk of a major accident occurring.

Finally, with fines for failing to properly handle certain wastes that can be very severe, it just makes sense to follow these simple steps at all times.

Corpseed is a company dedicated to solid waste management and to the sale and rental of hazardous waste containers . If you have any questions about our services, write us to the contact form.

#hazardous waste #hazardous waste management #waste management

Solid Waste - How to make an effective management plan?

You need to dispose of the waste generated by your company, don't you? But do you know how best to do that? Do you understand what the current legislation on the subject says and how to perform good waste management to reduce the environmental impact of your organization?

The management of solid waste is an important tool for reducing the environmental impacts produced by the population of a city. The correct disposal of recyclables and organics increases the useful life of landfills, reduces the ecological footprint and drives the economy, generating new products, energy and fertilizer.

Read this article and find out now how to create an effective Solid Waste Management Plan for your company!

After all, what is a Solid Waste Management Plan?

Your company generates waste every day for the production of materials and maintenance of activities. Thus, the Solid Waste Management Plan, also known as PGRS, consists of an internal policy of the company for the management of this waste that may involve decreasing the generation, reuse, recycling and disposal of these materials.

It takes into account the type of waste generated by the organization, as well as preserving the surrounding environment and reducing the social impacts of the waste generated. In addition, there are national guidelines on how companies should create and execute this type of plan.

There are three types of resource management plan in this regard. The first of these is the PGRS, which is more specifically aimed at planning the disposal of industrial waste in general. However, more specific wastes, which offer different risks, must follow a different plan. This is the case of organizations that work in the health area and need to discard biological or contaminated materials, such as syringes and needles, for example. For them, planning must be done in accordance with the PGRSS (Health Services Waste Management Plan).

Finally, there is the municipal plan, related to urban cleaning, which must be considered when creating your own company policy. It is called the Municipal Plan for Integrated Solid Waste Management, the PMGIRS.

What does the legislation on solid waste management say?

The main law regarding the Solid Waste Management Plan. It institutes the National Solid Waste Policy , which makes any type of organization responsible for the waste generated by it.

It establishes the obligation to create the PGRS for certain segments of the economy, such as those with industrial activities, medium and large commercial establishments, construction companies, companies providing basic sanitation services, hospitals, clinics and other organizations related to health area, always including private companies and public agencies, among others.

This law also determines the guidelines for the creation of this plan, including valuing the preservation of the environment and eco-efficiency. It also calls for reducing generation and increasing recycling of waste, recognizing it as an economic good.

What is the importance of a Solid Waste Management Plan?

One of the motivators for the creation of a Solid Waste Management Plan is the requirement foreseen by law for industries and organizations in certain areas of activity. After all, failing to deliver, update or comply with the PGRS can result in sanctions, fines, interdictions and even detention.

However, the importance of PGRS is not only in its legal character, but also in the environmental, social and impact that this policy can bring to the image of the business in the market. That's because your company has an impact on society and the environment in which it operates. Thus, the waste generated can cause problems in the short, medium and long terms, if it is not managed correctly.

The population and the consumer market are increasingly aware and aware of the need to preserve the environment . In this way, brands that are not concerned with this impact can be considered enemies of the environment and can be passed over to those that are perceived as sustainable.

Finally, PGRS can also bring financial returns to the business, reducing costs and enhancing profits. This is because apparently obsolete materials can become useful when subjected to proper treatment . Organic products, for example, are raw materials for generating fertilizer and energy, while used cooking oil and spoiled electronic materials are collected, often free of charge, by companies specializing in their reuse.

Therefore, if you think that ecological economy is not an appeal to your company, remember that this can avoid fines and legal inconvenience, in addition to bringing great improvements to the image of the business before the market and society as a whole, as well as a financial return.

How to create an efficient Solid Waste Management Plan for your industry?

Now that you know what a Solid Waste Management Plan is and its importance, see what measures you should take to create a good PGRS for your company.

Hire professionals and specialized companies

The first step taken should be to organize and hire experienced and competent professionals to think and execute this management plan. A multidisciplinary team is welcome, as well as hiring offices that already have experience in the market and work carried out in this regard.

Make a local diagnosis

Subsequently, a diagnosis of the site should be made . That is, you need to check the company's conditions regarding odors, noise, visual pollution, contamination of nearby beds, presence of disease vectors and toxic materials in the soil.

This step is crucial for the success of the project, as well as the waste management of the organization as a whole. This is because it is from this diagnosis that the potentialities will be listed - what the company is already able to do with the issue of waste in a satisfactory way - and the problems, which should receive greater attention.

Empower employees and inform customers

For the Solid Waste Management Plan to be put into practice, employees and customers need to be aware of how to dispose of correctly. Environmental education is crucial to the success of the strategy, since all individuals are involved in the process.

The handling of the collected material must be done by trained professionals, who know the transport routes, as well as the correct way of handling each container, reducing the risk of accidents.

If an employee inappropriately disposes of hospital waste, for example, and gets hurt, it can cause a number of inconveniences for both you and the company. When PGRS safety rules are followed, this type of problem can be avoided.

Plan for separation, packaging and transportation

Each material must be packaged, transported and destined according to its dangerousness, composition and functionality. Once mixed, the separation will be extra work and can present risks for the people involved.

For recycling purposes, solid waste management is essential to ensure the usefulness of the material. Paper, for example, will not be a recyclable material if it is greasy or if it comes in contact with liquids that contaminate it. The correct thing is to dispose of it in an organized way, with specific containers for metal, plastic, paper, glass, organics, electronics and waste.

Check the legal conditions and waste separation for separate collection

After this diagnostic step, the legal conditions must be checked, as the PGRS must also follow the guidelines of state and municipal laws that deal with the issue.

Subsequently, it should be proposed to separate the waste according to the materials. This tactic must be implemented gradually and an education program is needed to accustom employees to this new reality.

Set action goals

It is also necessary to define goals and actions for the management of industrial waste, in order to expand and enhance the disposal safely, reducing the production of waste and increasing the reuse and recycling of materials.

There are four deadlines in which the goals are set: immediate, short, medium and long term. The goals for each of them are different, and the industry and the PGRS must always propose an evolution in the issue of waste.

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Determine indicators and forms of validation

How to know that PGRS is on the right track? It is necessary to define clear and objective indicators in order to analyze the planning effectiveness.

Finally, the last step is to validate the PGRS jointly between the organization and employees. The program needs to be understood and embraced by everyone, otherwise its efficiency is compromised. For this reason, it is recommended that employees participate in the process and be heard in carrying out the PGRS.

As you can see, the Solid Waste Management Plan is not only a legal obligation for your company, but also a way to attract consumers and create a differential for the organization. So, take advantage of our tips and always pay attention to the legislation to create an efficient. The company, the city and the planet can only benefit from this. Leave the concept of waste behind and be another pioneer administrator in the era of reuse and recycling.

#solid waste management #solid waste #solid waste management authorization #waste management

Plastic Waste Management in India

Plastic has multiple uses and the physical and chemical properties cause commercial success. However, the indiscriminate disposal of plastic has become a serious threat to the environment. In particular, the plastic carry bags are the most important contributors of littered waste and every year, millions of plastic bags end up in to the environment by soil, water bodies, water courses, etc and it takes a mean of one thousand years to decompose completely. Therefore, to deal with the difficulty of scientific plastic waste management, the Plastic Waste (Management and Handling) Rules, 2011 were notified in 2011, which included plastic waste management. The government has listed the modified Plastic Waste Management Rules in 2016, in encouragement of the previous Plastic Waste Management Rules, 2011.

Plastic Waste Management Rules:

The Plastic Waste Management Rules, 2016 aim to:

Ø Increase minimum thickness of plastic carry bags from 40 to 50 microns and stipulate minimum thickness of 50 micron for plastic sheets also to facilitate collection and recycle of plastic waste

Ø Expand the jurisdiction of applicability from the municipal area to rural areas, because plastic has reached rural areas also

Ø To bring in the responsibilities of producers and generators, both in plastic waste management system and to introduce collect back system of plastic waste by the producers/brand owners, as per extended producers responsibility

Ø To introduce collection of plastic waste management fee through pre-registration of the producers, importers of plastic carry bags/multilayered packaging and vendors selling the same for establishing the waste management system

Ø To promote use of plastic waste for road construction as per Indian Road Congress guidelines or energy recovery, or waste to oil etc. for gainful utilization of waste and also address the waste disposal issue, to entrust more responsibility on waste generators, namely payment of user charge as prescribed by agency, collection and d of waste by the institutional generator, event organizers.

Ø An eco-friendly product, which is a complete substitute of the plastic in all uses, has not been found till date. In the absence of an appropriate alternative, it’s impractical and undesirable to impose a blanket ban on the utilization of plastic all over the country. The real challenge is to enhance plastic waste management systems.

What's new in Plastic Waste Management Rules, 2016?

Ø Rural areas have been brought in ambit of these Rules since plastic has reached to rural areas also. Responsibility for implementation of the principles is given to Gram Panchayat.

Ø First time, responsibility of waste generators is being introduced. Individual and bulk generators such as offices, commercial establishments, industries are to segregate the plastic waste at source, handover segregated waste, pay user fee as per bye-laws of the local bodies.

Ø Plastic products are left littered after the public events (marriage functions, religious gatherings, public meetings etc) held in open spaces. First time, persons organizing such events are made liable for management of waste generated from these events.

Ø Uses of plastic sheet for packaging, wrapping the commodity except those plastic sheets’ thickness, which will impair the functionality of the product, are brought under the ambit of these rules. A large number of goods are being packed/wrapped in to plastic sheets and thereafter such sheets are left for littered. Provisions have been introduced to make sure their collection and channelization to authorized recycling facilities.

Ø Extended Producer Responsibility: Earlier, EPR was left to the discretion of the local bodies. First time, the producers (i.e. peoples engaged in manufacture, or import of carry bags, multi-layered packaging and sheets or like and therefore the peoples using these for packaging or wrapping their products) and brand owners have are made liable for collecting waste generated from their products. They have to approach local agencies for formulation of plan/system for the plastic waste management within the prescribed time.

Ø State Pollution Control Board (SPCBs) will not grant/renew registration of plastic bags, or multi-layered packaging unless the producer proposes the action plan endorsed by the concerned State Development Department.

Ø Producers to keep a record of their vendors to whom they have supplied raw materials for manufacturing carry bags, plastic sheets, and multi-layered packaging. This is to curb manufacturing of these products in unorganized sector.

Ø The entry points of plastic bags/plastic sheets/multi-layered packaging in to commodity supply chain are primarily the retailers and street vendors. They have been assigned the responsibility of to not provide the commodities in plastic bags/plastic sheets/multi-layered packaging which don’t conform to those rules. Otherwise, they will have to pay the fine.

Ø Plastic carry bag will be available only with shopkeepers/street vendors pre-registered with local bodies on payment of certain registration fee. The amount collected as registration fee by local agencies is to be used for waste management.

Ø Central Pollution Control Board (CPCB) has been mandated to formulate the guidelines for thermoset plastic (plastic difficult to recycle).

Ø Manufacturing and use of non-recyclable multi-layered plastic to be phased in two years.

Plastic Waste Generation in India

According to the reports for year 2017-18, Central Pollution Control Board (CPCB) has estimated that India generates approximately 9.4 Million tonnes per annum plastic waste, (which amounts to 26,000 tonnes of waste per day), and out of this approximately 5.6 Million tonnes per year plastic waste is recycled (i.e. 15,600 tonnes of waste per day) and 3.8 Million tonnes per annum plastic waste is left uncollected or littered (9,400 tonnes of waste per day).

Out of the 60% of recycled plastic:

• 70% is recycled at registered facilities

• 20% is recycled by Unorganized Sector

• 10% of the plastic is recycled at home

While these stats are 38% higher than the global average of 20%, there are no comprehensive methods in place for plastic waste management. Additionally, there is a constant increase in plastics waste generation. One of the major reasons for this is that 50% of plastic is discarded as waste after single use. This also adds to increase in the carbon footprint since single use of plastic products increase the demand for virgin plastic products.

#plastic waste management in india #plastic waste management #Plastic Waste Management in India Authorization

E-Waste management: Where to Start?

To answer cost and profitability issues first and foremost, but also in an ECO-responsible approach, the majority of companies have long opted for controlled and optimized management of their waste. Need to improve the management in place? to rethink it? to imagine it? Here’s what to base it on.

Beyond the interests they seek to derive from it, companies also manage their waste to meet obligations or constraints which come from regulatory texts (laws, prefectural orders, etc.) or certifications (ISO, MASE, etc.). They must juggle between these constraints and requirements and the life of the company which influences the nature and quantity of their waste. A fluctuating volume of activity, the addition or deletion of supplies, the addition, deletion or modification of production…. are therefore all reasons for companies to remain vigilant and to be forward-looking regarding the waste management .

As a reminder, “E-Waste Management Authorization” generally represents any activity participating in the organization of the handling of waste from its production to its final treatment. The main objective is to reduce waste and at the same time its effects on the environment. Among the different types of waste, we find hazardous waste, non-hazardous waste, inert waste, waste from economic activities and Bio waste

Corporate responsibility: What does it imply?

The company is responsible for the waste it produces or holds until their recovery or final. Please note, this responsibility is shared between all successive holders of the waste. In other words, when your service provider is required to transport your waste in order to eliminate or recycle it, it is also responsible for this waste (“No, you are not alone!”).

I produce waste, yes but which ones?

First of all, the company must establish a non-exhaustive list of the waste it produces on a daily or occasional basis. For this, no magic recipe, it is better to appoint referents distributed in each business activity / department of the company. They will be responsible for reassembling the list of waste produced, knowing that their membership of the pole or service must guarantee a faithful and precise inventory.

Once this list has been drawn up, the company can try to group the waste into large families: clean or soiled, recyclable or not, paper, cardboard, wood, metal, plastic … All this work will serve as a basis for considering the best solutions with service providers who will be in charge of E-Waste Management, especially when drafting specifications.

Contract your E-waste management with a service provider

Your waste providers are the ablest to provide you with information on this subject. Your goal is to buy as much waste as possible to compensate for the rental of the collection bins they will impose on you as well as the costs of removal. The costs of treating contaminated and / or non-recoverable waste are also offset. For example, seek to obtain a systematically free provision of recoverable waste bins.

It is therefore preferable to involve them in defining the storage locations and conditions. They are, for example, the most capable of preventing possible maneuvering problems, which could ultimately encourage them to charge you additional costs. Above all, they will be able to recommend the storage conditions to best preserve the quality of your waste for redemption and more generally limit the additional costs. For example, taking charge of non-recycled waterlogged waste will necessarily cost you more since invoicing refers to the weight of waste in the bucket.

The volume of collection bins and the frequency of removal must also be seen with them according to the volumes that you estimate to produce at first, technical constraints … Remember to be vigilant and make a point after a few months to readjust service if necessary.

The company has the obligation to issue a BSD or Waste Monitoring Form when it produces hazardous waste.

These BSDs guarantee the traceability and proper treatment of waste. They must be kept for at least 5 years. In practice, your provider will provide it to you. Remember to claim it!

Then, all companies must have and keep up to date a waste tracking register to keep for at least 3 years. As part of the ISO 14001 certification audit, you are likely to be asked to show these documents.

Think prevention!

Raising awareness among your staff via displays, training, talks… will gradually change their daily internal habits. The goal is to get their involvement and rigor in the collection and sorting of waste.

The better the waste is collected and properly stored (plastics and compacted cartons, closed buckets …) and the better they are sorted, the more their value increases for recoverable waste and the more their treatment costs decrease for others. Sensitizing your employees to these issues and to the benefits for the company and obtaining their adhesion is therefore essential. For newly installed management, remember to rely on regular audits to see changes and compare them to your processing costs.

In addition to winning over costs and profitability, companies have to gain from the image they give to their customers. Indeed, optimized and well thought out waste management shows the company’s commitment to the environment and sustainable development. By following all these tips, you will have all the keys in hand to become, if you wish, an “Eco-responsible” company.

#e-waste #e-waste management

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